Conference of the year, right now. I am eager to take your questions. First, i want to say a few words about our economy. In 2013, our businesses created another 2 million jobs. Adding up to more than 8 million in just over the past 45 months. This morning, we learned that over the summer our economy grew at its strongest pace in nearly two years. The Unemployment Rate has steadily fallen to its lowest point in ive years. Our fiscal situation is firmer, with deficits that are now less than half of what they were when i took office. For the first time in nearly two decades, we produce more oil at home then we buy from the rest of the world. And our all of the above strategy for new American Energy means lower energy costs. The Affordable Care act has helped keep cap Keep Health Care costs growing at their slowest rate in 50 years. That means bigger paychecks and bigger savings for businesses. And for all the challenges we have had and all the challenges that we have been working on dili
New Health Insurance plans through the federal and state marketplaces. All told, millions of americans, despite the problems with the website, are now poised to be covered by Quality Affordable Health Care insurance come new years day. This holiday season, there are mothers, fathers, entrepreneurs, and workers who have something new to celebrate, the security of knowing that when the unexpected or misfortune strikes, hardship no longer has to. You add that all up, and it means we head into next year with an economy that is stronger than it was when we started the year. More americans are finding work and experiencing a positive paycheck. We are positioned for new growth and new jobs. I firmly believe that 2014 can be a breakthrough year for america. As i outlined in detail earlier this month, we know there is a lot more we are going to have to do to restore opportunity and broadbased both for everyone in america. That is going to require some action. Earlier this week, the first time i
Whether they know it or not over the last three years, have benefitted from a whole set of the provisions of the law. And by the way, if it were to be relegal repealed you would be taking way all those benefits from folks who already enjoying them you had this subportion of the population 15 who either dont have Health Insurance or are buying it on the individual market. And that is still millions of people. And what were doing is creating a marketplace where they can buy insurance and we can provide them some tax credits to help them afford it. The basic structure of that law is work. Despite all the problems. Despite the web site problem os, despite the messaging problems, despite all that, its working. And again you dont have to take my word for it. Weve got a couple Million People who are going to have Health Insurance just in the first three months, despite the fact that the first month and a half was lost because of problems with the web site, and about as bad a bunch of publicit
New friends. This is a fight thats going to continue. I would do anything to stop the train wreck that is obama care. You dont like a particular policy, go out there and win an election. We dont get fooled again good afternoon, and a hearty tgif after a week that began in frustration, careened into chaos and ended in abject surrender by the gop. And as republican lawmakers slumped back to their districts, bruised, batter and had bleeding from the fright, its time for another round of republican soulsearching. Unless, of course, your name is ted cruz. So you would do it again. I would do anything, and i will continue to do anything i can, to stop the train wreck that is obama care. Sure he would do it again . The man is having the time of his life never mind that those Like Senate Majority leader Mitch Mcconnell, who said of cruzs shutdown strategy, we got off track with a tactical error. It was not a smart play. It had no chance of success. A tactical error that cost the nation 24 bill
Reported in 1965, every time it is played, Aretha Franklin doesnt receive a thing. She would be paid if she were a songwriter. Girl recorded by the temptations, they dont receive a dime of compensation from pandora every time this popular song is played. If youre talking my payment to the record label, that is great. If they are a songwriter they will be paid. A change is going to come, stop in the name of love, the failure to pay recording artists of pre1972 recordings is not a fair business practice, and in the context of the overall discussion, it is a problem that should be voluntarily resolved, but if it is not, congress should act. Let me turn to sirius xm. I believe you do not pay performers you are in litigation, i trying ton california prevent litigation under california state law, right . There is no Public Performance under state law either. I believe that you stated your company granting a pre1972 Public Performance right would produce a pure windfall to recording artists w